Kirkland Research Center

Transcription

1 For Sale» Approximately 51,680 RSF Owner/User Office Building Kirkland Research Center th Avenue NE Kirkland, WA Open Office Space Conference Room Open Office Space Mike Schreck :: Senior Vice President :: :: Colliers International :: SE 6th Street, Suite 240 :: Bellevue, WA :: ::

2 Quality Food Centers NE 224th Street KIRKLAND CORPORATE CENTER TOTEM LAKE MALL NORTH TO BOTHELL 5 MINUTES NE 116th Street BELLEVUE CBD 5 MINUTES 124th Avenue NE KYMETA CORPORATION BUILDING Colliers International is pleased to offer a unique opportunity to acquire an owner/user office/tech building located in the thriving Kirkland Office Market. The offering consists of a two-story office building currently 50% leased to Kymeta Corporation. It is located in the Kirkland submarket with excellent proximity to Bellevue s CBD, Microsoft World Headquarters, Redmond, Kirkland, and Seattle. The property has excellent access to and visibility from I-, efficient floor plates, campuslike setting and abundant above market 5.6/1,000 SF surface parking ratio. BUILDING INFORMATION ADDRESS th Avenue NE, Kirkland, WA AVAILABILITY FOR USER/INVESTOR TOTAL SIZE 25,840 RSF on 2nd floor of open creative office space Approximately 51,680 rentable square foot building on approximately 7.66 acres FLOORS Two floors AGE Built in 1983, and fully remodeled in 2007 DESIGN Timeless design and quality construction FLOOR PLATES Two (2) approximate 25,840 square foot floor plates LOCATION & ACCESS An ideal location in Kirkland with excellent visibility and exposure from I- and immediate access from 116th Avenue NE and 124th Avenue NE exits PARKING Above market 5.6 stalls per 1,000 rentable square feet parking ratio EXTERIOR WALLS Tilt-up concrete walls MECHANICAL Two roof top mammoth units with horizontal VAV distribution with digital controls NEAR BY HOTELS Marriott Kirkland & Baymont Inn ATHLETIC FACILITY Golds Gym within walking distance

3 FLOOR PLANS FIRST FLOOR ±25,840 RSF LEASED SECOND FLOOR ±25,840 RSF AVAILABLE INVESTMENT HIGHLIGHTS Large block availability for owner user or lease up for investor Headquarter opportunity for owner/user (entire building could be made available) Elevator provides for building to accommodate multiple tenants Superior access to I- (2 minutes) and SR-520 Prominent signage and visibility to I- Efficient floor plates Campus-like setting Above market (5.6/1,000) parking; single level surface stalls Parcel #: Zoning: TL10E Multiple ingress/egress options from 116th Avenue NE & 124th Avenue NE exits off of I- Second floor interior private offices and exterior open space Abundance of natural light throughout The Burlington Northern Railroad running just west of the property is currently being redeveloped into a regional walking and bike path Year 1 NOI $412, based on first floor tenant Kymeta Corporation ( Priced well below replacement cost at $9,000,000 or $174.00/SF

4 Bothell Woodinville Kirkland Research Center Lake Washington KIRKLAND MARKET HIGHLIGHTS The Puget Sound region continues to be one of the top performing markets in the U.S. throughout the economic recovery with unemployment levels just below 4 5 percent, one of the lowest in the country. With job growth expected to increase 3.7 percent in 2014 the region is bound to remain competitive with strong and expanding tech and aerospace industry. The Property is located in the Kirkland area of the 520 corridor, the key link between Seattle and the Microsoft campus. Located on the main arterial between downtown Bellevue and Kirkland. The property enjoys close proximity to both executive and knowledge worker housing. With rapidly rising rents in the area, this building presents a unique opportunity to purchase an asset with tremendous upside Kirkland Sea le Bellevue 90 Redmond MIKE SCHRECK Mike.Schreck@colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved.

5 SERVICE & AMENITIES MAP RESTAURANTS 1 Shari s Restaurant 2 Subway 3 Jack in the Box 4 Olive Garden 120TH AVE NE 5 Starbucks 25 6 Azteca 7 Burger King 19 8 McDonald s 9 Taco Time 10 Pizza Hut 11 Denny s RETAIL 12 Dania NE 124TH ST 6 116TH AVE NE TOTEM LAKE NE 124TH ST 13 Fred Meyer NE 120TH ST 15 Value Village 16 Totem Lake West Shopping Center NE 118TH ST Radio Shack 18 Totem Lake Mall 19 Trader Joe s 20 Big 5 Sporting Goods 21 RiteAid NE 116TH ST 120TH AVE NE 1 2 SLATER AVE NE 3 SERVICES 22 Gold s Gym 23 LA Fitness 24 KeyBank 25 Evergreen Hospital Medical Center 26 Chase Bank 27 Bank of America 22 KIRKLAND RESEARCH CENTER th Avenue NE Kirkland, WA TH AVE NE MIKE SCHRECK Mike.Schreck@colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved.